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Australian (ASX) Gold Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies151
  • 7D7.7%
  • 3M24.6%
  • 1Y120.5%
  • YTDn/a

In the last week, the Gold industry is up 7.7%, with Evolution Mining up 13%. This means that the industry has gained 120% over the past year. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

Has the Australian Gold Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026AU$193.4bAU$31.1bAU$6.1b28x31.6x6.2x
Wed, 28 Jan 2026AU$187.7bAU$26.3bAU$4.6b29.5x41.2x7.1x
Fri, 26 Dec 2025AU$167.4bAU$26.4bAU$4.6b28.4x36.6x6.3x
Sun, 23 Nov 2025AU$141.4bAU$26.5bAU$4.6b23.4x30.9x5.3x
Tue, 21 Oct 2025AU$153.8bAU$26.4bAU$4.6b24.7x33.5x5.8x
Thu, 18 Sep 2025AU$125.0bAU$26.8bAU$4.8b18x25.9x4.7x
Sat, 16 Aug 2025AU$106.4bAU$22.8bAU$3.4b18.5x31x4.7x
Mon, 14 Jul 2025AU$96.6bAU$22.2bAU$3.1b17.1x31.2x4.4x
Wed, 11 Jun 2025AU$105.9bAU$22.3bAU$3.1b20.8x34.3x4.7x
Fri, 09 May 2025AU$97.9bAU$22.1bAU$3.0b18.7x32.4x4.4x
Sun, 06 Apr 2025AU$85.8bAU$22.3bAU$3.1b17.2x28x3.8x
Tue, 04 Mar 2025AU$77.2bAU$22.0bAU$3.0b17.8x26.2x3.5x
Thu, 30 Jan 2025AU$77.9bAU$18.7bAU$1.8b21.1x42.7x4.2x
Sat, 28 Dec 2024AU$70.5bAU$18.7bAU$1.8b20.8x38.2x3.8x
Mon, 25 Nov 2024AU$74.0bAU$18.6bAU$1.8b20x41x4x
Wed, 23 Oct 2024AU$78.2bAU$18.4bAU$1.8b24.8x43.6x4.2x
Fri, 20 Sep 2024AU$67.5bAU$18.2bAU$1.6b21x42x3.7x
Sun, 18 Aug 2024AU$62.4bAU$16.8bAU$1.4b21.5x45.9x3.7x
Tue, 16 Jul 2024AU$61.0bAU$16.0bAU$1.1b23.5x57x3.8x
Thu, 13 Jun 2024AU$56.9bAU$16.9bAU$1.2b20.4x48.1x3.4x
Sat, 11 May 2024AU$57.5bAU$17.1bAU$1.2b21.9x48.3x3.4x
Mon, 08 Apr 2024AU$57.9bAU$17.1bAU$1.2b20.9x48.6x3.4x
Wed, 06 Mar 2024AU$53.0bAU$16.5bAU$1.2b17.9x45x3.2x
Fri, 02 Feb 2024AU$72.5bAU$22.9bAU$1.3b20x53.9x3.2x
Sun, 31 Dec 2023AU$76.6bAU$22.9bAU$1.3b26.1x57x3.3x
Tue, 28 Nov 2023AU$71.6bAU$22.9bAU$1.4b21.6x53x3.1x
Thu, 26 Oct 2023AU$70.0bAU$23.0bAU$1.4b23.7x51.1x3x
Sat, 23 Sep 2023AU$70.0bAU$22.9bAU$1.4b19.8x51.6x3.1x
Mon, 21 Aug 2023AU$65.7bAU$22.4bAU$291.0m17x225.8x2.9x
Wed, 19 Jul 2023AU$74.6bAU$22.1bAU$522.9m17.4x142.7x3.4x
Fri, 16 Jun 2023AU$68.5bAU$22.2bAU$551.4m16.8x124.2x3.1x
Sun, 14 May 2023AU$74.2bAU$22.3bAU$582.6m19.1x127.4x3.3x
Tue, 11 Apr 2023AU$74.4bAU$22.3bAU$575.8m17.1x129.1x3.3x
Thu, 09 Mar 2023AU$61.2bAU$22.5bAU$683.1m17.3x89.6x2.7x
Price to Earnings Ratio

89.6x


Total Market Cap: AU$61.2bTotal Earnings: AU$683.1mTotal Revenue: AU$22.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Gold Industry Price to Earnings3Y Average 61.1x202420252026
Current Industry PE
  • Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 31.6x which is lower than its 3-year average PE of 61.1x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
  • The earnings for companies in the Gold industry have grown 108% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Australian Gold compare with similar industries?

AU Market1.41%
Materials7.99%
Metals and Mining8.60%
Gold7.75%
Silver15.51%
Diversified Metals and Mining10.05%
Copper7.28%
Precious Metals and Minerals6.80%
Steel4.00%
Aluminum1.26%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EVN Evolution MiningAU$17.6713.4%
+AU$4.2b		187.8%PE27x
NST Northern Star ResourcesAU$31.738.3%
+AU$3.5b		82.1%PE29.3x
GMD Genesis MineralsAU$8.0611.3%
+AU$936.7m		152.7%PE23.1x
CMM Capricorn MetalsAU$15.5310.9%
+AU$698.6m		102.7%PE30.6x
RRL Regis ResourcesAU$9.769.7%
+AU$651.2m		208.9%PE15.1x

Latest News

RSG
AU$1.64
Resolute Mining
7D
13.5%
1Y
331.6%
NST
AU$31.73
Northern Star Resources
7D
8.3%
1Y
82.1%
CMM
AU$15.53
Capricorn Metals
7D
10.9%
1Y
102.7%
EVN
AU$17.67
Evolution Mining
7D
13.4%
1Y
187.8%
TM1
AU$0.38
Terra Metals
7D
-14.6%
1Y
1,420.0%
WGX
AU$8.05
Westgold Resources
7D
6.3%
1Y
224.6%
RMS
AU$4.79
Ramelius Resources
7D
-1.8%
1Y
80.1%
GGP
AU$14.45
Greatland Resources
7D
4.5%
1Y
n/a
GMD
AU$8.06
Genesis Minerals
7D
11.3%
1Y
152.7%
RRL
AU$9.76
Regis Resources
7D
9.7%
1Y
208.9%
SLS
AU$1.01
Solstice Minerals
7D
-11.4%
1Y
445.9%
MDX
AU$0.03
Mindax
7D
-21.1%
1Y
-21.1%
STK
AU$0.24
Strickland Metals
7D
-2.0%
1Y
200.0%
MDI
AU$0.049
Middle Island Resources
7D
-18.3%
1Y
188.2%
TOK
AU$1.35
Tolu Minerals
7D
-3.2%
1Y
68.1%
GMN
AU$0.11
Gold Mountain
7D
-38.9%
1Y
10.0%